earnings
confidence high
sentiment neutral
materiality 0.70
Match Group Q2 revenue +4% to $864M; exits live streaming, guides Q3 $895-905M
Match Group, Inc.
2024-Q2 EPS reported
$0.93
revenue$1,723,713,000
- Q2 revenue $864M (+4% YoY); operating income $205M (-5%); Adjusted OI $306M (+2%).
- Tinder Direct Revenue +1% to $480M; Hinge +48% to $134M. Payers -5% to 14.8M; RPP +9% to $19.05.
- Exiting live streaming services (Plenty of Fish, Hakuna), cutting ~6% workforce; ~$60M annual revenue loss but margin enhancing.
- Q3 guidance: revenue $895-905M, AOI $335-340M; full-year AOI margin 36% despite $9M Canada digital services tax.
- Repurchased $197M stock in Q2 ($395M YTD); cash $844M, net leverage 2.4x.